Brief: OT Logistics Signs Preliminary Deal to Sell Shares in Luka Rijeka

OT Logistics SA

06/02/2023 06:52

Feb 6 (Reuters) - OT Logistics SA  OTSL.WA :
    * SAID ON SUNDAY IT HAS SIGNED CONDITIONAL PRELIMINARY
AGREEMENT
WITH PORT ACQUISITIONS FOR SALE OF ALL COMPANY'S SHARES IN LUKA
RIJEKA  
    * UNDER SAID DEAL COMPANY TO SELL IN TOTAL 3.4 MLN SHARES
REPRESENTING 25.4% OF LUKA RIJEKA STAKE FOR TOTAL OF EUR 26.3
MLN (EUR 7.70 PER SHARE)
    * SAID 25.4% STAKE CONTAINS 2.4 MLN LUKA RIJEKA SHARES OWNED
CURRENTLY BY RUBICON PARTNERS VENTURES AND 1.1 MLN SHARES OWNED
BY COMPANY
    * IN ADDITION UNDER DEAL CONDITIONS COMPANY ENSURE THAT FUND
CALLED FUNDUSZ EKSPANSJI ZAGRANICZNEJ FUNDUSZ INWESTYCYJNY
ZAMKNIĘTY AKTYWÓW NIEPUBLICZNYCH (FEZ) MANAGED BY PFR
TOWARZYSTWO FUNDUSZY INWESTYCYJNYCH, WILL SELL TO COMPANY 1.2
MLN SHARES HELD BY FEZ IN LUKA RIJEKA
    * COMPANY ALSO CONCLUDED AGREEMENT WITH FEZ, UNDER WHICH
DRAG
ALONG OT LOGISTICS RIGHT WAS ESTABLISHED IN RELATION TO FEZ
SHARES, WHICH MAY BE EXERCISED AT PRICE NOT LESS THAN SALE PRICE
    * ENTIRE TRANSACTION TO BE COMPLETED BY MARCH 23 AT THE
LATEST

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMbQ5HNPa
 Further company coverage:  OTSL.WA  
 (Gdansk Newsroom)
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